Tracy's home inventory all price ranges as of July 28

156 active homes total on the market: 82 of those are short sales. 37 are REO's. 37 of them are regular sales or flip homes.

352 homes under contract:
156 REO's.138 short sales.

142 homes sold in the last 30 days.

Check out my newest tax deduction!

I am very happy to announce that Sarah and I are having a baby boy in November, our first born!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!







Andrew W Barringer?














Brian Barringer
912 West 11th Street
Tracy CA 95376
Primary: 209-613-8945 Secondary: 209-833-7777 Other: 800-894-7282
Brian@Tracyhomes.com
http://www.tracyhomes.com/

The California Prevention Act that went into effect on June 16

California Prevention Act

The California Prevention Act that went into effect June 16th. Filings dropped by nearly 50 percent as soon as the act went into effect. The new law adds 90 days to the existing 3 months between the filing of a notice of default and a notice of trustee sale, but exempts servicers (lenders) who put in place a loan modification program. This law only applies to owner occupied mortgages made between 2003-2007.

Banks with decreasing Default filings for June:

Bank of America -48%

Litton Loan Servicing -41%

Increased filings:

CitiMortgage +69%

Downey Savings +45%.

Complete text of California Foreclosure Prevention Act

Brian Barringer
912 West 11th Street
Tracy CA 95376
Primary: 209-613-8945
Secondary: 209-833-7777
Other: 800-894-7282
Brian@Tracyhomes.com
http://www.tracyhomes.com/

ForclosureRadar.com report is out today

ForclosureRadar.com report is out today it is a company based in Discovery Bay, that tracks every foreclosure in the California. San Joaquin county sits at number 4 for the rank of forclosures per population. 1 for every 734 people....

ForeclosureRadar.com released its June 2009 CA Foreclosure Report today. While foreclosures were generally trending upward, Notices of Trustee Sale unexpectedly dropped, apparently due to the new California Prevention Act that went into effect June 16th. Despite the majority of major lenders in the state receiving an exemption from the act, filings dropped by nearly 50 percent as soon as the act went into effect. Filings were climbing back toward previous levels by the end of June so we still expect the law to have little long term impact.

From www.centralvalleybusinesstimes.com:

In terms of foreclosure sales per population, counties in the Central Valley lead the state and make up six of the “top ten.”

They are:
• (1st) Merced County, 422 sales in June or one for every 605 residents
• (2nd) Stanislaus County, 748 sales or one per 702 residents
• (3rd) Yuba County, 99 sales or one for every 727 residents
• (4th) San Joaquin County, 934 sales or one for every 734 residents

Brian Barringer
912 West 11th Street
Tracy CA 95376
Primary: 209-613-8945 Secondary: 209-833-7777 Other: 800-894-7282
Brian@Tracyhomes.com
http://www.tracyhomes.com/

July Podcast

Check out our July pod cast.

http://www.talkrealty.com/billbarringer

Bill Barringer

Tracy Area Market Report 6/1/09 vs. 7/2/09

The following information is from the local MLS database, as of July 2, 2009 and is compared to (June 1, 2009). If you are interested in a little more market information feel free to give us a call, we are always happy to talk about the market.

Tracy, CA

ACTIVE Status

Total # of residential properties for sale in the city of Tracy: 355 (357)

# of REO (foreclosures): 47 (58)

# of Short Sales: 244 (245)

Average # of days on market: 119 (116)

The median price of all homes for sale in Tracy: $241,900 ($280,450)

The average price of all homes for sale in Tracy: $353,817 ($382,315)

Lowest priced home: 1bd/612 sq. ft./$50,000

Highest priced home: 6bd/5,667 sq. ft./$1,350,000


PENDING Status

Number of properties currently under agreement: 359 (371)

# of REO: 189 (222)

# of Short Sales: 127 (116)

Average pending price: $222,201 ($216,774)

Average pending home is 4 bedrooms, 1,980 square feet at a price of $222,201 that stays 47 days on the market.

SOLD Status

Residential property sold over previous 30 days: 168 homes or $36,079,370 in sales (161 homes or $34,488,887 in sales)

REO’s sold in the last month: 123 (129)

Short sales sold in the last month: 30 (20)

Average sale price: $214,758 ($214,217)

Median sale price: $200,000 ($220,000)

High: 735K (6bd/5,030 sq. ft. home)

Low: 55K (2bd/720 sq. ft. home)

Mountain House, CA

ACTIVE Status

Total # of residential properties for sale in the city of Mountain House: 97 (105)

# of REO (foreclosures): 5 (11)

# of Short Sales: 79 (81)

Average # of days on market: 62 (47)

The median price of all homes for sale in Mountain House: $320,000 ($317,450)

The average price of all homes for sale in Mountain House: $337,136 ($320,171)

Lowest priced home: 2bd/1,262 sq. ft./$196,900

Highest priced home: 5bd/4,082 sq. ft./$549,500

Square Feet
# of homes for sale in Mountain House
Median List Price
Average List Price


PENDING Status

Number of properties currently under agreement: 90 (86)

# of REO: 32 (35)

# of Short Sales: 37 (34)

Average pending price: $303,375 ($304,103)

Average pending home is 4 bedrooms, 2,628 square feet at a price of $303,375 that stays 45 days on the market.



Residential property sold over previous 30 days: 29 homes or $9,262,384 in sales (25 homes or $7,904,200 in sales)

REO’s sold in the last month: 15 (15)

Short sales sold in the last month: 6 (6)

Average sale price: $319,393 ($316,168)

Median sale price: $310,000 ($325,000)

High: $582,381 (5bd/4,290 sq. ft. home)

Low: 162K (2bd/1,282 sq. ft. home)



Lathrop, CA

ACTIVE Status

Total # of residential properties for sale in the city of Lathrop: 100 (105)

# of REO (foreclosures): 13 (17)

# of Short Sales: 68 (76)

Average # of days on market: 60 (48)

The median price of all homes for sale in Lathrop: $195,938 ($179,900)

The average price of all homes for sale in Lathrop: $218,163 ($199,967)

Lowest priced home: 2bd/768 sq. ft./$80,000

Highest priced home: 5bd/3,870 sq. ft./$799,900

PENDING Status

Number of properties currently under agreement: 129 (136)

# of REO: 77 (88)

# of Short Sales: 31 (30)

Average pending price: $182,286 ($185,111)

Average pending home is 4 bedrooms, 2,332 square feet at a price of $182,286 that stays 39 days on the market.

SOLD Status

Residential property sold over previous 30 days: 63 homes or $11,506,668 in sales (66 homes or $11,131,088 in sales)

REO’s sold in the last month: 47 (59)

Short sales sold in the last month: 11 (6)

Average sale price: $182,646 ($168,653)

Median sale price: $180,000 ($168,000)

High: 305K (6bd/3,522 sq. ft. home)

Low: 32.5K (2bd/1,040 sq. ft. home)



Weston Ranch, CA

ACTIVE Status

Total # of residential properties for sale in Weston Ranch: 104 (102)

# of REO (foreclosures): 31 (21)

# of Short Sales: 65 (72)

Average # of days on market: 35 (45)

The median price of all homes for sale in Weston Ranch: $144,200 ($138,950)

The average price of all homes for sale in Weston Ranch: $147,563 ($144,023)

Lowest priced home: 3bd/1,041 sq. ft./$100,000

Highest price home: 6bd/2,905 sq. ft./$249,000



PENDING Status

Number of properties currently under agreement: 119 (147)

# of REO: 78 (105)

# of Short Sales: 29 (72)

Average pending price: $137,009 ($138,622)

Average pending home is 4 bedrooms; 1,973 square feet that stays 32 days on the market.



SOLD Status

Residential property sold over previous 30 days: 77 homes or $10,869,868 in sales (61 homes or $8,607,850 in sales)

Short sales sold in the last month: 10 (4)

Average sale price: $141,167 ($141,112)

Median sale price: $135,000 ($135,000)

High: 218K (5bd/3,376 sq. ft. home)

(220K (6bd/3,000 sq. ft. home))

Low: 98K (3bd/1,214 sq. ft. home)

(85.5K (3bd/1,176 sq. ft. home))